Good morning everyone,
USOIL has been consolidating downwards but the sharpness of the move up is way higher than that of the movement since yesterday morning. Therefore, watch for retest of the top @119.
Be careful as the market has gone very far very fast and this is a short-term trade. Keep your stops tight at around 115,5.
Wish you all the best trades,
PTFX
Disclaimer: This post does not provide any kind of financial advice. It is for educational purposes only and solely supported by my understanding of the technical figure based on wave theory.
USOIL has been consolidating downwards but the sharpness of the move up is way higher than that of the movement since yesterday morning. Therefore, watch for retest of the top @119.
Be careful as the market has gone very far very fast and this is a short-term trade. Keep your stops tight at around 115,5.
Wish you all the best trades,
PTFX
Disclaimer: This post does not provide any kind of financial advice. It is for educational purposes only and solely supported by my understanding of the technical figure based on wave theory.
Trade closed: target reached:
Trade Closed , target reached. Thanks for all the support. Stay tuned for more trade setups.